LEXI vs. DWAT

Last updated Jun 6, 2026

LEXI (Alexis Practical Tactical ETF) and DWAT (Arrow DWA Tactical: Macro ETF) are both Tactical Allocation funds. Both are actively managed. LEXI charges 1.00%/yr vs 1.83%/yr for DWAT.

Performance

LEXI vs. DWAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alexis Practical Tactical ETF (LEXI) and Arrow DWA Tactical: Macro ETF (DWAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LEXI

• 1D: -2.01%
• 1M: 0.91%
• YTD: 11.23%
• 6M: 11.51%
• 1Y: 27.43%
• 3Y*: 19.54%
• 5Y*: —
• 10Y*: —

DWAT

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LEXI vs. DWAT - Yearly Performance Comparison

	2026 (YTD)
LEXI Alexis Practical Tactical ETF	7.53%
DWAT Arrow DWA Tactical: Macro ETF	0.00%

LEXI vs. DWAT - Sectors Allocation Comparison

Sectors	LEXI	DWAT
Technology	35.8%	10.2%
Industrials	13.9%	25.1%
Financial Services	12.8%	27.2%
Consumer Cyclical	9.8%	5.2%
Communication Services	7.3%	3.4%
Healthcare	6.6%	5.3%
Basic Materials	5.0%	2.6%
Consumer Defensive	3.2%	6.5%
Utilities	2.1%	5.3%
Energy	2.1%	4.2%
Real Estate	1.5%	5.1%

Return for Risk

LEXI vs. DWAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LEXI

LEXI Risk / Return Rank: 81
LEXI Sharpe Ratio Rank: 82
LEXI Sortino Ratio Rank: 84
LEXI Omega Ratio Rank: 82
LEXI Calmar Ratio Rank: 71
LEXI Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LEXI vs. DWAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alexis Practical Tactical ETF (LEXI) and Arrow DWA Tactical: Macro ETF (DWAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LEXI	DWAT	Difference
Sharpe ratio: Return per unit of total volatility	2.54	—	—
Sortino ratio: Return per unit of downside risk	3.58	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	3.39	—	—
Martin ratio: Return relative to average drawdown	16.32	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LEXI	DWAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	—	—

Drawdowns

LEXI vs. DWAT - Drawdown Comparison

The maximum LEXI drawdown since its inception was -22.01%, which is greater than DWAT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for LEXI and DWAT.

Drawdown Indicators

	LEXI	DWAT	Difference
Max Drawdown Largest peak-to-trough decline	-22.01%	0.00%	-22.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.94%	—	—
Current Drawdown Current decline from peak	-2.01%	0.00%	-2.01%
Average Drawdown Average peak-to-trough decline	-5.18%	0.00%	-5.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	—	—

Volatility

Volatility by Period

	LEXI	DWAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.85%	0.00%	+10.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.66%	0.00%	+14.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.66%	0.00%	+14.66%

LEXI vs. DWAT - Expense Ratio Comparison

LEXI has a 1.00% expense ratio, which is lower than DWAT's 1.83% expense ratio.

Dividends

LEXI vs. DWAT - Dividend Comparison

LEXI's dividend yield for the trailing twelve months is around 0.85%, while DWAT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
DWAT Arrow DWA Tactical: Macro ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LEXI Alexis Practical Tactical ETF	0.85%	0.94%	2.17%	1.34%	0.95%	0.23%

Frequently Asked Questions

Which ETF is better, LEXI or DWAT?

On fees, LEXI is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LEXI or DWAT?

LEXI is cheaper with a 1.00% expense ratio, compared with 1.83% for DWAT.

Which ETF pays a higher dividend yield, LEXI or DWAT?

LEXI has the higher dividend yield at 0.85%, compared with 0.00% for DWAT.

What is the main difference between LEXI and DWAT?

They also come from different issuers: Alexis and Arrow Funds. Their fees differ too: 1.00% for LEXI and 1.83% for DWAT.